Hopscotch, a brand for kids’ fashion, has announced that its parent company, Hit the Mark, Inc., raised $20 million in a funding round led by Amazon. The round also included participation from Eduardo Saverin, co-founder of Facebook, as well as other existing investors, including Lionrock, IIFL Seed Venture Fund, RPG Ventures, and Techpro Ventures. The funding will enable Hopscotch to expand its offerings and serve even more customers with the latest styles in kids’ fashion.
Rahul Anand, Founder and CEO of Hopscotch said, “This investment allows us to invest in marketing, broaden our selection, and enable more customers to express their unique sense of style.” Also Preetham N, Director, Corporate Development at Amazon said, “We have been impressed to see what they have done till date”.
The $20 million funding round is a testament to the strength of Hit the Mark’s technology platform, which enables Hopscotch to rapidly spot top fashion trends and serve them to customers before other retailers. With financial support from Amazon and other investors, Hopscotch is well-positioned to accelerate growth and increase its market share.
